India, March 26 -- Moody's Investors Service has placed the ratings on Tata Motors on review for a possible downgrade.
The review, which will be completed over the next 90 days, is on the Ba3 corporate family rating and Ba3 senior unsecured debt rating,Moody's said in a statement.
The outlook on ratings under review has been revised from negative, Moody's said.
We expect to conclude the review within 90 days, based on a review of the impact of Covid-19 on the operations of Tata Motors, including its supply chains; impact on demand in key global markets and government's containment measures including some government support as well as its countermeasures and liquidity profile.
On the rationale for a possible downgrade, Moody's cited the ...